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Israel temporarily halts supply from Tamar
May 7, 2019

Israel temporarily halts supply from Tamar

There has been a violent break out with the Gaza militants in Israel. This made the ministry of Israel take a decision to temporarily stop the supply of natural gas from the offshore field Tamar. This might be a problem for the nation because Israel receives its major natural gas supply from Tamar which has its production platform off the coast.

Paz Oil extends its contract with Palestinian Authority
Dec. 28, 2018

Paz Oil extends its contract with Palestinian Authority

Paz Oil, Israel's largest refined oil products distributor, has announced that it has extended its contract for two years with the Palestinian Authority. This contract extension is regarding the sales of petroleum products in the West Bank and Gaza Strip. Paz Oil will also provide maintenance and equipment under the agreement which will last till the end of year 2020.

Ratio Oil to sign a long- awaited deal
Sept. 5, 2018

Ratio Oil to sign a long- awaited deal

According to the source, Ratio Oil Exploration, an Israel company, will sign a deal related to the search of oil and gas in the Philippines. This deal is a long- awaited one. Back in 2015, the company was awarded an Exploration deal, a 416,000-hectare East Palawan block of Palawan. This award got delayed because of several legal issues related to the previous exploration contract of that block.

Karish and Tanin gas projects get FID approval by Energean
March 24, 2018
Source: World Oil

Karish and Tanin gas projects get FID approval by Energean

The board of directors of Energean Oil and Gas PLC has approved the Final Investment Decision (FID) to go ahead with Karish and Tanin Development Project, offshore Israel worth $1.6 billion. The project will be developed through a newly built and owned FPSO gas treatment which would offer flexible infrastructure solution and potentially expand the scope for additional projects.

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